& cplSiteName &

Euronews: Telefónica Secures $1B Credit

Paul Rainford
3/6/2013
50%
50%

Telefónica SA, Ericsson AB, Virgin Media Inc. and VimpelCom Ltd. loom large in today's hack through the EMEA news thicket.

  • Vendor financing is back, big-time! Telefónica has secured a $1 billion credit facility to buy equipment from Ericsson, reports Reuters. The loan is backed by two Swedish export authorities, the Swedish National Export Guarantee Board (EKN) and the Swedish Export Credit Corporation (SEK).
  • The outgoing CEO of Virgin Media said the U.K cable operator plans to embrace more warmly over-the-top (OTT) Web services such as Netflix, reports Bloomberg. Neil Berkett, who announced he was leaving once the takeover of Virgin by Liberty Global Inc. had been confirmed, said: "Our approach is to get every content asset you possibly can on the platform." (See Euronews: Virgin CEO to Exit After Takeover.)
  • Competitive business services specialist Zen Internet is installing Ethernet access gear in 200 U.K. local exchanges and buying backhaul capacity from Cable & Wireless Worldwide (now part of Vodafone Group plc) as it ramps up its presence in the British business Ethernet services market. (See Zen Builds UK Ethernet Network.)
  • Russian giant VimpelCom made a profit of $801 million in the fourth quarter of 2012, compared with a loss of $381 million in the same period a year earlier. Growth was particularly strong in the CIS and Africa & Asia business units, though the picture was less rosy in the Europe & North America unit, where revenues slipped 8 percent year-on-year.
  • Brits love the Internet -- and they get it cheap. Those are two of the findings of a new study by U.K. regulator Ofcom, which compared how British people interact with the Internet, and how much they pay for it, compared to the other countries in the so-called EU 5, namely France, Germany, Italy and Spain. If you like bar charts, you'll love this.
  • Telenor ASA, the Norway-based mobile operator, can continue its lucrative Grameenphone business in Bangladesh, despite a government commission there ruling that its license must be suspended immediately because of alleged flaws in its initial issuing process. Reuters quotes a Bangladeshi government official, who said that no action will be taken until the commission in question produces its final report.
  • These days, everyone has to have a dashboard -- and Deutsche Telekom AG is no exception. The carrier is launching its own security dashboard, to be found at the www.sicherheitstacho.eu portal, which boasts a digital map of the world showing the origin of cyber attacks recorded around the clock by more than 90 sensors. The portal is available free of charge to security experts and "interested parties." — Paul Rainford, Assistant Editor, Europe, Light Reading

    (1)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Ray Le Maistre
    50%
    50%
    Ray Le Maistre,
    User Rank: Light Sabre
    3/6/2013 | 3:38:00 PM
    re: Euronews: Telefónica Secures $1B Credit
    For those interested in which gear is deployed to provision Ethernet access services, Zen Internet in the UK is using ADVA and Zhone equipment in the local exchanges.
    Featured Video
    From The Founder
    John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
    Flash Poll
    Upcoming Live Events
    June 26, 2018, Nice, France
    September 12, 2018, Los Angeles, CA
    September 24-26, 2018, Westin Westminster, Denver
    October 9, 2018, The Westin Times Square, New York
    October 17, 2018, Chicago, Illinois
    October 23, 2018, Georgia World Congress Centre, Atlanta, GA
    November 7-8, 2018, London, United Kingdom
    November 8, 2018, The Montcalm by Marble Arch, London
    November 15, 2018, The Westin Times Square, New York
    December 4-6, 2018, Lisbon, Portugal
    All Upcoming Live Events
    Hot Topics
    NFV Is Down but Not Out
    Iain Morris, News Editor, 5/22/2018
    What VeloCloud Cost VMware
    Phil Harvey, US News Editor, 5/21/2018
    Verizon CEO Says LA Is Second 5G City
    Dan Jones, Mobile Editor, 5/16/2018
    TM Forum Sea-Change Overcomes That Sinking Feeling
    Iain Morris, News Editor, 5/17/2018
    Live Digital Audio

    A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

    Like Us on Facebook
    Twitter Feed